Harmonic Inc. (HLIT)

From the record

Harmonic Inc.'s filings since 2017 show 3 warning events of 2 kinds: an auditor change (8-K item 4.01, 2 times, the latest 2021-03-05); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2026-08-12) (its current reports).

From the record

Harmonic Inc.'s 10 filed years say what it did: revenue went from $406 million in fiscal 2016 to $361 million in fiscal 2025, down 1.3% a year; it rose in 4 of 9 years; the deepest fall was 42% from fiscal 2022 to fiscal 2025; net income was positive in 4 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Harmonic Inc.'s diluted share count grew about 0.5% a year, and dividends and buybacks returned about 62% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 5 sales and 1 purchase of their own stock on the open market in the year to 2026-10-19, buying about $499 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Harmonic Inc. lost about 11 cents for every dollar of shareholders' money, and gross profitability: its products earned about 24 cents per dollar of everything the company owns. Leverage: it owed about 47 cents per dollar of assets, and net share issuance: its share count shrank 2.8% over the year (the filed statements).

From the record

Harmonic Inc.'s standing among 21 graded names in its industry family: revenue of $361 million in fiscal 2025 ranks in the top 34% by size; a net margin of -12% ranks in the top 50%; revenue growth of -16.8% a year over the last 3 filed years ranks in the bottom 23% (its annual reports).

From the record

Harmonic Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Ben-Natan, Nimrod (President and CEO, as filed), filing under that title since 2024-06-18, 2.4 years (bottom 19% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 4.4 years (bottom 19%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 34%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Harmonic Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $124 million against debt of $112 million leaves 1.7% of its assets as net cash, bottom 31% of its family; cash from operations less capital spending is 26.9% of revenue (top 7%); a gross margin of 48.5% (top 29%); research spending of 21.2% of revenue (top 36%) (its annual report).

From the record

Harmonic Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -16.8% a year over the last three filed years against -1.3% over all 10, slowing (bottom 24% of its family); the newest year grew -26.2% (bottom 2%); research spending grew -14.1% a year (bottom 31%); capital spending grew 6.2% a year (top 29%) (its annual reports). Harmonic Inc. reported 3 product lines in fiscal 2025: Product at $267 million (74%), Saa S Service at $58 million (16%), Professional Services at $36 million (10%); 2 of 3 grew against the year before (its annual report).

From the record

Harmonic Inc.'s newest year against its own record: revenue of $361 million in fiscal 2025 came in 16.5% below the $432 million its prior three years' pace pointed to (bottom 13% of its family); net income of $43 million against a prior three-year average of $50 million (bottom 3%); a net margin of -12% against 11.4% before (bottom 3%) (its annual reports).